A New Regulation Looms Ahead

A New Regulation Looms Ahead

Elevator regulations are a big part of what dictates the safety and cost of elevators. In New York City, the Department of Buildings (DOB) is the regulator of elevators. As the result of increase in elevator accidents, in part due to aging elevators, the DOB has added four new regulations.

Two are already in place, while one is due in 2020 and another one in 2027.

The Ups & Downs of Elevators

The Ups & Downs of Elevators

When Gladys pressed the “9” button on the elevator panel, she heard a noise that could most generously be described as sounding like a train slamming into a wall. For most New Yorkers, this is a subconscious everyday fear, as each day involves multiple elevator rides.

Although there’s nothing as annoying as being stuck in traffic or a delayed subway, an elevator “out of service” sign for a 15-flight stair climb is not far behind.

Has your building installed a door lock monitor system? They are required by January 1, 2020.

Effective Habit #7 Create an Upward Spiral

Effective Habit #7 Create an Upward Spiral

Habit #7: “Sharpen the Saw”

In “The 7 Habits of Highly Effective People”, Stephen R. Covey talks about the “upward spiral” model that results from growth, change and constant improvement. The Upward Spiral model consists of three parts:

  1. Learn

  2. Commit

  3. Do

Effective Habit #6 Synergize

Effective Habit #6 Synergize

The management team in a coop or condo is composed of three distinct entities: the board, the property manager, and the staff. When their strengths are combined, goals can be achieved that could not have been done by just one of these entities.

Effective Habit #5 “Seek First to Understand, Then to be Understood”

Effective Habit #5 “Seek First to Understand, Then to be Understood”

You Have Two Ears and One Mouth- Use Them in That Proportion

Understanding the limitations of the staff, managing agent and fellow board-members is important. Although the staff reports to the managing agent, the managing agent reports to their firm first and ultimately to the board. The board then reports to the residents. The managing agent has, in most cases, multiple buildings with multiple emergencies such as leaks, fires, floods; and of course loose cats.

Effective Habit #4 Think “Win-Win” or “Give and Take”

Effective Habit #4 Think “Win-Win” or “Give and Take”

As the decision-maker, the board is in charge and needs to set the overall tone. Only when there are clear goals, systems and plans, will all of the involved parties in the organization thrive.

It is not uncommon that boards and residents tell us that their staff is lazy or is in “cahoots” with the managing agent. It is also not uncommon to hear that boards are unhappy with their managing agent. We could give you a very long list of all the reasons they think so, but in reality, the culprit is more often than not the board.

Effective Habit #3: “Put First Things First” or prioritize

Effective Habit #3: “Put First Things First” or prioritize

Identify what is required by law; what is urgent, what is needed; what would reduce ongoing costs; what residents want. Then, prioritize what all this entails. Most residents want to live in a safe home with an inviting and friendly atmosphere and probably with as many amenities as possible while paying as little as possible. This is not an easy task to realize, especially since the board members most likely all have jobs, families, other activities and commitments.

Effective Habit #2 - Begin with the End in Mind

Effective Habit #2 - Begin with the End in Mind

Have a Long-term Plan

Ask yourself, what is your ultimate desired outcome? Is it a more cost-efficient building, a greener building, more amenities to better compete with the new luxury condos or something else? Or, are you perfectly happy with the current state of your building and the yearly rate increase that you pass on to your residents and neighbors?

Effective Habit #1 - Be Proactive or Plan Ahead

Effective Habit #1 - Be Proactive or Plan Ahead

In our Co-op & Condo Board adaptation of Stephen R. Covey’s “The 7 Habits of Highly Effective People,” the first 3 habits discuss changing your mindset from being too dependent upon others to being completely independent and self-reliant. Here’s Habit #1 addressing the importance of being proactive or plan ahead.

7 Habits of Highly Effective Coop Boards

7 Habits of Highly Effective Coop Boards

Have you ever heard of a motivational self-help book for Co-op and Condo Boards? Neither have we. This adaptation of Stephen R. Covey’s 1989 Free Press book “The 7 Habits of Highly Effective People” is a self-help book for Co-op and Condo Boards detailing how to run a more efficient building.